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distortion
(redirected from distortionary)

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The increasing spate of trade distortionary measures undertaken by economies across the world in response to the economic recession would negatively affect the Middle Eastern countries in general and the GCC in particular and, thereby, may become an obstacle to future economic growth.
The increasing spate of trade distortionary measures undertaken by economies across the world in response to the economic recession would negatively affect the Middle Eastern countries in general and the GCC in particular and, thereby, may become an obstacle to future economic growth.
The fiscal rationale for higher alcohol taxes largely hinges on revenue-neutrality provisions in accompanying legislation, requiring immediate offsetting reductions in other distortionary taxes (or alternatively, spending on projects with favorable benefit/cost ratios).
 
 
 
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